Covenant Nursery School

Analysis

Covenant Nursery School is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in September 1980, 46 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Covenant Nursery School reported income of $495k and spending of $367k, leaving 26% of income unspent that year. Across the 4 years on record, from May 2020 to May 2024, income grew from $425k to $495k (+16%), an average of +5.2% a year. The sharpest change came in the year to May 2024, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covenant Nursery School sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Nami Prince Georges County MD Inc ($495k), Community Outreach Service Center Inc ($495k) and Artspan ($495k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 5.9% and program service revenue 63% of the total. Other salaries and wages came to $250k. At year end it held assets of $236k against liabilities of $31k, net assets of $205k.